Steps In The Title Process

Buyer's financial responsibilties

Seller financial responsibilities

When you purchase or refinance a home or other piece of real estate, a title company is required to complete (or "close”) the transaction. At its simplest,Tradition Title Company insures that the real estate involved in the transaction is free and clear of ownership claims by any party other than the buyer or his lender. Making this determination is critical to creating a valid sale. From large, complex commercial transactions to small home equity loans, we’re prepared to handle your closing in an efficient, professional manner.

How to select us: Simply tell your lender or real estate professional that you’d like Tradition Title Companyto handle your closing. We’ll take care of the rest.

Steps In The Title Process

Initial Request for Title Insurance
An order for title insurance is opened with a title officer who produces the initial response promptly within 24 to 48 hours. A preliminary report can be issued with the minimum of information; without even identifying the buyer or the terms of the sale. It shows the record title as it presently exists and is only an offer to provide insurance. To order a preliminary report contact your local Tradition Title representative or office.

We Earn Your Respect with our Skills, Service and Solutions
We try not to point out impediments to the close of a transaction without also offering assistance and solutions. By understanding the sometimes delicate balance of the interests of the parties to a transaction, and by professionally and courteously handling issues as they arise, we can capably guide a transaction to a successful conclusion.

Documents in the Title Process

  • Preliminary Commitment
  • Commitment - Shows the condition of title in the way we are willing to issue it.
  • Policy - Final product. Contract of indemnity between named insureds and the company.

Seller Financial Responsibilities

Seller Closing Cost Estimate
Sale of Personal Property

Owner's Title Policy $ Based on Sales Price (click here for rate chart)
Recording Fees Harris Co. $15/1st pg. & $4 for each additional

Ft. Bend Co. $11/1st pg. & $4 for each additional
Escrow Fee $425.00
Guaranty Assessment Recoupment $3.00 per policy issued
Tax Certificates $75.78 (minimum)

Buyer's Financial Responsibilties

Buyer Closing Cost Estimate
Sale

Mortgage Title Policy

$100.00
Endorsements $150.00 (estimate)
Recording Fees Harris Co. $16/1st pg. & $4 for each additional

Ft. Bend Co. $11/1st pg. & $4 for each additional
Escrow Fee $425.00
Escrow Fee for 2nd Liens $100.00
Guaranty Assessment Recoupment $3.00 per policy issued
Survey (if needed) $375.00 (estimate)

Borrower Closing Cost Estimate
Refinance

Mortgagee Title Policy $ To be determined
Endorsements $ To be determined
Recording Fees Harris Co. $16/1st pg. & $4 for each additional

Ft. Bend Co. $11/1st pg. & $4 for each additional
Escrow Fee $450.00
Guaranty Assessment Recoupment $3.00 per policy issued
Tax Certificates $75.78 (minimum)
Survey (if needed) $375.00 (estimate)